In planning, pursuit of profit was not seen as being in the social interest in the post-Independence years, but now profit is the sole motive. FOR two decades now the Government of India has pursued a policy of accelerated liberalisation, dismantling controls, diluting regulations and making the state a facilitator of private investment. It is not that the presence of the state has diminished during this period, but that its role...
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Things, not people by Prabhat Patnaik
The basic problem with the Approach Paper, as with its predecessor, is that its theoretical paradigm is wrong. WHAT used to be said of the Bourbon kings of France applies equally to the Indian Planning Commission: “They learn nothing and they forget nothing.” The Approach Paper to the Twelfth Five-Year Plan gives one a sense of déjà vu. It is hardly any different from the Approach Paper to the previous Plan...
More »World food prices remain steady during August, UN agency reports
-The United Nations World food prices remained virtually unchanged during the month of August, with only slight increases observed in the prices of cereals and meat, the United Nations Food and Agriculture Organization (FAO) reported today. FAO’s monthly Food Price Index averaged 231 points in August compared to 232 points in July, the Rome-based agency stated in a news release. It was 26 per cent higher than in August 2010 but seven points...
More »High food prices exacerbate crisis in drought-affected Horn of Africa–UN
-The United Nations The prices of grain and milk in the drought-hit Djibouti, Ethiopia, Kenya and Somalia have risen to record highs, exacerbating hardship for the estimated 12.4 million people in the region who are facing severe food shortages and famine in some parts of Somalia, the United Nations reported today. According to the August food price monitor of the UN Food and Agriculture Organization (FAO), the high prices of cereals...
More »Rethink on SEZ land limit
-The Telegraph The government plans to revisit the minimum space criterion for special economic zones as developers are facing problems in acquiring land. “Land issues are critical... I think the minimum size is something that needs to be looked at again definitely. You are not going to find 5,000 (hectares) of land area, it is a pipe dream. It’s not going to happen... I think that’s something we need to talk...
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